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JewelleryDuration 5 monthsCase study

Jewellery case study: ₹1L to ₹1.7L monthly revenue in 5 months

Numbers modelled on 10 Monastic Media ad accounts

Case study

Month by month

Revenue by month
MonthPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹1L–––
Month 1Learning₹50,833₹1,00,1161.97x51₹997
Month 2Scaling₹67,957₹1,34,3641.98x68₹999
Month 3Scaling₹76,981₹1,49,1091.94x73₹1,055
Month 4Steady₹87,591₹1,67,0851.91x85₹1,030
Month 5Steady₹84,885₹1,68,4001.98x86₹987
Total₹3,68,247₹7,19,0741.95x363₹1,014
Ad spend₹3.7L
Revenue₹7.2L
Blended ROAS1.95x
Orders363
Revenue, month 5₹1.7L
ROAS, month 51.98x
Cost / purchase, month 5₹987
Avg order value, month 5₹1,958
Conversion, month 51.02%
Period covered5 months
Milestone₹5L a month

Funnel

Funnel, first view to purchase month 5

  1. Impressions6,63,641
  2. Link clicks11,333
    1.71% of impressions
  3. Landing-page views8,454
    74.6% of link clicks1.274% of impressions
  4. Added to cart753
    8.91% of landing-page views0.113% of impressions
  5. Checkout started235
    31.21% of added to cart0.035% of impressions
  6. Purchases86
    36.6% of checkout started0.013% of impressions

0.013% of impressions became purchases

Mix

Where the budget goes month 5

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹61,88772.9%631.98x₹982
Facebook₹21,75325.6%222.00x₹989
Audience Network₹1,2451.5%12.03x₹1,245
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹24,91829.4%251.99x₹997
Instagram Feed₹23,56627.8%252.04x₹943
Instagram Stories₹13,40315.8%131.85x₹1,031
Facebook Feed₹12,94115.2%131.95x₹995
Facebook Reels₹7,6409.0%82.07x₹955
Audience Network₹1,2451.5%12.03x₹1,245
Facebook Stories₹1,1721.4%12.03x₹1,172
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹71,64384.4%721.98x₹995
Retargeting (warm audiences)₹8,1209.6%92.06x₹902
Lookalike audiences₹3,0083.5%31.93x₹1,003
Advantage+ shopping₹2,1142.5%21.99x₹1,057

Creatives

Creative mix month 5

New ads per month

Video16 a month
Catalogue (dynamic product ads)5 a month
Static image2 a month
UGC / creator video2 a month
Carousel2 a month
Moderate1.99xblended ROAS 4 creative types₹82,129 spend
Watchlist1.68xblended ROAS 1 creative type₹2,756 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹17,878192.07x₹941
VideoModerate₹43,211442.00x₹982
Static imageModerate₹17,823181.92x₹990
UGC / creator videoModerate₹3,21731.90x₹1,072
CarouselWatchlist₹2,75621.68x₹1,378

How we run it

How we run it, why, and how it works

  1. Research & offer Month 1

    What we do

    We set up the base for a smaller jewellery store before any budget rises. We put the website audit, the creative brief and the monthly media schedule in place before spend moves. We audit the competitors buyers are already comparing, and agree the case study before spending.

    Why

    In this case study, a smaller jewellery brand grows monthly revenue in 5 months, from ₹1L to ₹5L (5x). That pace is within what the fastest tenth of our measured accounts reached over the same time. The brand in this scenario named no single problem, so the case study starts from the numbers. A written brief gives every later budget decision a reference point. The audit positions the brand in this scenario against the alternatives buyers are weighing.

    How it works

    The brief is agreed first; spend follows it. The audit sets the creative and site work for the first weeks.

  2. Measurement & reviews Month 1 to 5

    What we do

    We set the path from ₹1L to ₹5L as written monthly numbers, and read every review against the month so far. We track ad-platform revenue beside store orders in a shared daily sheet. We raise budget in a month only while return holds; where it slips too far, we hold it.

    Why

    With no return on ad spend reported, the case study begins at the level measured jewellery stores of that size hold. Written monthly numbers expose a slow month while there is still time to act. Platform attribution over-counts, so budget decisions sit on the store-side number.

    How it works

    The month's number is on the page at every review. Every budget call starts from the store's orders. A month whose return slips past that point keeps its budget instead.

  3. Creative testing Month 1

    What we do

    We test with video, catalogue ads and carousel first, rising to about two dozen new ads a month by the final month, keeping carousel on a short leash because its return trails the account. The learning month runs on a small daily budget, stepping up only once orders confirm. We show the piece: product-only singles and carousels, swapped the moment they stop converting. We make trust the subject of the video: creator reels, customer feedback and founder-led clips.

    Why

    The first rupees are for finding the buyer, not for volume. Jewellery buyers decide on the piece, and fatigue sets in fast. In most accounts we measured, video that carried trust held its return.

    How it works

    The low budget stays until orders confirm the buyer. Creatives are rotated on conversion, not on a calendar. UGC that underperforms is replaced by founder-led video, not given more budget. More spend buys more new ads, led by video ahead of catalogue ads.

  4. Scaling Month 2 to 3

    What we do

    Through Month 2 to Month 3, we push toward ₹5L: the budget rises gently while return holds, and Instagram Reels carries the most spend and Instagram Feed the next. We let return decide budget: more while it holds, less when it slips. We recover abandoned checkouts with WhatsApp messages as traffic grows.

    Why

    In Month 2 to Month 3 the budget rises gently, while return on spend holds. In one of these months the step is trimmed to the size return can hold. Return holds through these months because each budget step stops where return starts to slip. WhatsApp is cheaper than paid retargeting for buyers who already reached checkout.

    How it works

    Each month's budget is set by the return the last one earned. WhatsApp recovery runs alongside paid retargeting, not instead of it. In the final month, Instagram Reels takes the most spend and Instagram Feed the next most. Prospecting to new buyers takes the bulk of spend, while retargeting returns more for each rupee.

  5. Steady state Month 4 to 5

    What we do

    From Month 4, we protect the revenue already built and move toward ₹5L where return permits. We recover abandoned checkouts and lift repeat orders with WhatsApp messages. We refresh tired ads by mixing old and new creatives, and keep a creative bank.

    Why

    From Month 4 growth slows while revenue is still under ₹5L. Spend still grows, at a slower pace than during scaling. WhatsApp is cheaper than paid retargeting for buyers who already reached checkout. In one account we measured, click-through fell before revenue did; refresh is how that is avoided.

    How it works

    WhatsApp runs alongside paid retargeting, not instead of it. Refreshes are gradual: a few new ads at a time.

Milestones

Milestones by month

  1. Month 1

    The learning phase opens: a small daily budget carries the first ads, and store orders are matched to tracking. Store orders and platform revenue are reconciled in the shared sheet. The audit, brief and media schedule are agreed with the brand's team.

    • Revenue ₹1L
    • ROAS 1.97x
    • Ad spend ₹50,833
  2. Month 2

    Scaling starts: product-only creatives that stop converting are swapped. Return on spend holds while budget steps up.

    • Revenue ₹1.3L
    • ROAS 1.98x
    • Ad spend ₹67,957
  3. Month 3

    Ads with falling click-through are swapped from the bank. Budget goes up only as far as return can carry it: return on spend holds while budget steps up.

    • Revenue ₹1.5L
    • ROAS 1.94x
    • Ad spend ₹76,981
  4. Month 4

    Steady phase begins: creative refresh and repeat orders take on more of the work.

    • Revenue ₹1.7L
    • ROAS 1.91x
    • Ad spend ₹87,591
  5. Month 5

    Budget is reviewed against return before the next step. Budget goes up only as far as return can carry it: return on spend holds while budget holds. The case study finishes short of ₹5L: budget stops rising where return starts to slip. Cost per purchase ends close to the learning phase.

    • Revenue ₹1.7L
    • ROAS 1.98x
    • Ad spend ₹84,885

Learnings

Learnings from Jewellery brands we measured

  1. Scaling spend raised cost per order and lowered return on spend.

  2. Audit competitors and agree a three-month case study before spending.

  3. Instagram Reels carries the largest share of spend in this industry's measured accounts.

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